What Happens When a Trustee Violates Their Fiduciary Duties?
A trustee is responsible for managing trust assets on behalf of the beneficiaries. It is their responsibility to ensure the trust serves the purpose it was created for and that the trust assets are well managed. When a trustee fails to perform their legal duties under...
Trust Litigation: What Constitutes Undue Influence?
Sometimes, people manipulate or take advantage of others who are in vulnerable situations. When it comes to real estate planning, such cases can amount to undue influence, invalidating any legally binding agreements that may have been entered into. For instance, as a...
Did a Trustee Violate Their Fiduciary Duty?
Your parents or grandparents put a trust in place for you because they wanted to protect the wealth (and you) from grasping fingers. What if they put the wrong person in charge of it? Trustees are tasked with managing the assets within a trust in a way that preserves...
Protecting Your Role as Trustee When Investments Take Losses
Investments are a bit like gambling. You monitor the circumstances carefully and try to make good decisions that will result in profit. Unfortunately, many of the deciding factors in whether your investment succeeds will be outside of your control. You have to play to...